3 months ago
WASHINGTON, D.C. - The unemployment rate has surpassed 10 percent for the first time since 1983.
Nearly 16 million people can't find jobs and employers cut a net total of 190,000 jobs last month, the Labor Department says.
President Barack Obama says new jobless figures are regretful and says he's working hard to restore the struggling economy.
Standing in the White House Rose Garden on Friday, Obama called the new jobs report another illustration of why much more work is needed to spur business creation and consumer spending.
The unemployment rate was 9.8 percent in September.
Obama noted legislation he's signing to provide additional unemployment benefits to people thrown out of work. And he said, "I will not rest until all Americans who want work can find work."
The Associated Press
